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IBC Advanced Alloys Corp (TSE:IB)
:IB
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IBC Advanced Alloys
(IB)
59Neutral
IBC Advanced Alloys (IB) vs. S&P 500 (SPY)
Market Cap
C$10.23M
Dividend YieldN/A
Average Volume (3M)38.62K
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth26.60%
EPS Growth57.75%
CountryCA
Employees58
SectorIndustrials
Sector Strength72
IndustryIndustrial Goods
Share Statistics
EPS (TTM)-0.03
Shares Outstanding113,680,855
10 Day Avg. Volume86,183
30 Day Avg. Volume38,622
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.30
Price to Cash Flow (P/CF)2.80
P/FCF Ratio1.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
IBC Advanced Alloys Business Overview & Revenue Model
Company DescriptionIBC Advanced Alloys (IB) is a leading provider of specialty alloys and precision castings, primarily serving the aerospace, defense, and industrial sectors. The company is known for its expertise in manufacturing high-performance beryllium-aluminum and copper-based alloys, which are essential for various high-tech applications due to their unique strength, lightweight, and thermal properties.
How the Company Makes MoneyIBC Advanced Alloys generates revenue through the production and sale of specialty alloys and precision cast components. The company's key revenue streams include contracts with aerospace and defense contractors who require materials with specific performance characteristics for critical applications. Additionally, IBC benefits from longstanding partnerships with industrial manufacturers that utilize their products for high-performance equipment. The company's earnings are significantly influenced by its ability to innovate and meet the stringent standards of its clients, as well as by the fluctuation in raw material costs and market demand within the sectors it serves.
IBC Advanced Alloys Financial Statement Overview
Summary
IBC Advanced Alloys demonstrates strong profitability and cash flow metrics, indicating operational efficiency and effective cash management. However, the decline in revenue growth and high leverage are concerns that could impact future financial stability.Income Statement
The company shows a positive trend with improvements in profitability metrics. The TTM Gross Profit Margin stands at 25.25% and the Net Profit Margin is 5.93%, indicating healthy profits. However, the revenue growth rate is negative at -6.90% TTM, which suggests a decline in sales. The EBIT and EBITDA margins are 10.35% and 12.56% respectively, showcasing operational efficiency improvements.65
Positive
Balance Sheet
The Debt-to-Equity ratio is 3.43, indicating high leverage which poses financial risk. Return on Equity is 34.86% TTM, reflecting efficient equity utilization. However, the Equity Ratio of 18.77% TTM suggests low equity funding relative to total assets, indicating a reliance on debt financing.55
Neutral
Cash Flow
The company has shown strong cash flow generation with a Free Cash Flow Growth Rate of 11.41% TTM. The Operating Cash Flow to Net Income Ratio is 3.65, indicating robust cash flow from operations relative to net income. The Free Cash Flow to Net Income Ratio stands at 3.32, further emphasizing strong cash conversion.70
Positive
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 23.90M | 25.66M | 28.55M | 26.91M | 21.81M | 21.15M | Gross Profit |
| 6.04M | 6.23M | 1.55M | 5.54M | 4.23M | 2.96M | EBIT |
| 2.47M | 2.12M | 991.00K | 275.00K | -233.00K | -769.00K | EBITDA |
| 3.00M | 2.71M | -366.00K | 2.01M | 945.00K | 1.31M | Net Income Common Stockholders |
| 1.42M | 1.70M | -5.93M | -1.13M | -1.52M | -1.12M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 869.00K | 1.42M | 83.00K | 478.00K | 2.36M | 509.00K | Total Assets |
| 18.62M | 24.54M | 28.32M | 27.65M | 25.18M | 19.28M | Total Debt |
| 5.73M | 14.30M | 14.88M | 12.96M | 11.13M | 9.08M | Net Debt |
| 4.86M | 12.89M | 14.80M | 12.48M | 8.77M | 8.57M | Total Liabilities |
| 12.66M | 19.25M | 25.36M | 20.77M | 18.51M | 13.50M | Stockholders Equity |
| 5.95M | 5.29M | 2.96M | 6.88M | 6.67M | 5.78M |
| Cash Flow | Free Cash Flow | ||||
| 4.71M | 4.22M | -1.89M | -3.01M | 603.00K | -2.33M | Operating Cash Flow |
| 5.17M | 4.75M | -1.43M | 1.05M | 3.01M | -2.06M | Investing Cash Flow |
| 12.00K | -530.00K | -459.00K | -3.91M | -2.40M | -270.00K | Financing Cash Flow |
| -4.45M | -3.04M | 1.48M | 1.01M | 1.25M | 2.13M |
IBC Advanced Alloys Technical Analysis
Positive
0.09
Price Trends
0.09
Positive
0.08
Positive
0.08
Positive
Market Momentum
>-0.01
Negative
56.95
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IB, the sentiment is Positive. The current price of 0.09 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.09, and above the 200-day MA of 0.08, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.95 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IB.
IBC Advanced Alloys Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $8.16B | 12.85 | 0.64% | 3.04% | 3.83% | -15.83% | |
59 Neutral | C$10.23M | ― | 34.86% | ― | 26.60% | 57.75% | |
47 Neutral | $13.80M | ― | -23.89% | ― | -14.40% | -327.14% | |
43 Neutral | C$18.25M | ― | -5.00% | ― | ― | -1118.18% | |
42 Neutral | $921.56M | ― | -4.13% | ― | ― | ― |
* Industrials Sector Average
Performance Comparison
TSE:IB
IBC Advanced Alloys
0.09
0.00
0.00%
TSE:AVL
Avalon Advanced Materials
0.03
-0.06
-64.71%
TSE:MPVD
Mountain Province Diamonds
0.07
-0.19
-74.00%
TSE:LAC
Lithium Americas Corp.
4.22
-3.48
-45.19%
IBC Advanced Alloys Earnings Call Summary
Earnings Call Date: Mar 3, 2025 | % Change Since: 12.50% | Next Earnings Date: Jun 3, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant growth opportunities in the U.S. Naval defense sector and potential benefits from a federal investigation into copper imports, positioning IBC for future success. However, these positives were tempered by immediate challenges such as a notable revenue decline and financial losses due to the closure of the Engineered Materials division.Highlights
Expansion and Modernization of Copper Alloys Facility
Completed a $5.7 million expansion and modernization of the copper alloys manufacturing facility in Franklin, Indiana, increasing production space to 83,000 square feet and positioning IBC for future growth.
Growth Opportunities in U.S. Naval Defense
IBC is in discussions with U.S. Navy shipbuilders and defense policy leaders to expand supply of specialized alloys for submarines, with potential for increased business due to aggressive shipbuilding plans.
Potential Benefits from Section 232 Investigation
A Section 232 investigation initiated by President Trump could strengthen competitiveness of U.S. copper producers like IBC, potentially leading to tariffs and quotas that could benefit domestic supply chains.
Lowlights
Revenue Decline
Revenue dropped to $7.1 million for the 6 months ended December 2024 compared to $12 million in the prior period, primarily due to nonrecurring orders and softer market demand.
Consolidated Loss
IBC reported a $2.6 million loss year-to-date, driven by lower revenue, closing costs of the Engineered Materials division, and higher-than-normal corporate SG&A expenses.
Ongoing Lease Costs for Engineered Materials Division
IBC is continuing to pay lease costs for the closed Engineered Materials division, with the lease set to complete in January 2026, impacting financial performance.
Company Guidance
During the IBC Advanced Alloys Investor Update Webcast, CEO Mark Smith provided detailed guidance on the company's financial performance and strategic outlook. For the six months ended December 31, 2024, the company reported $7.1 million in revenue, down from $12 million in the prior period, largely due to two nonrecurring orders and softer market demand. The company recorded a $2.6 million loss year-to-date, influenced by closure costs at the Engineered Materials division, elevated corporate SG&A expenses, and debt service obligations. However, Smith expressed optimism for future growth, citing the completion of Engineered Materials division closure activities and anticipated recovery in copper market demand. He highlighted IBC's strategic position to capitalize on the U.S. Navy's aggressive shipbuilding plans through expanded supply of copper alloy products, supported by potential policy measures like the Section 232 investigation initiated by President Trump. Smith also emphasized the company's enhanced production capabilities following a $5.7 million expansion of its copper alloys manufacturing facility in Franklin, Indiana, positioning IBC for future growth as market conditions improve.IBC Advanced Alloys Corporate Events
Business Operations and StrategyFinancial Disclosures
IBC Advanced Alloys Reports Decline in Sales and Profitability
Negative
Mar 3, 2025
IBC Advanced Alloys Corp. reported a significant decline in sales and profitability for the six months ended December 31, 2024, primarily due to the absence of large, non-recurring orders from the previous year and a decrease in market demand. The Copper Alloys division experienced a 29.4% drop in sales, resulting in an operating loss and a consolidated net loss of $2.6 million, highlighting challenges in maintaining its market position.
Financial Disclosures
IBC Advanced Alloys Reports Decline in Financial Performance for 2024
Negative
Mar 3, 2025
IBC Advanced Alloys reported a significant decline in sales and profitability for its Copper Alloys division for the six months ended December 31, 2024. Sales dropped by 29.4% compared to the previous year, primarily due to the absence of two large, non-recurring orders that had boosted the previous year’s results, alongside a slight decrease in market demand. The division also reported an operating loss and a decrease in gross profit and margin. Overall, the company posted a consolidated net loss of $2.6 million, highlighting challenges in maintaining its market position amid fluctuating demand.
Financial Disclosures
IBC Advanced Alloys to Announce Financial Results and Host Investor Webcast
Neutral
Feb 27, 2025
IBC Advanced Alloys Corp. announced it will release its financial results for the quarter and six-month periods ended December 31, 2024, on March 3, 2025, before market trading. The company will also host a live investor webcast on the same day, featuring discussions by Executive Chairman and CEO Mark A. Smith, which may provide insights into the company’s financial health and strategic direction.
Private Placements and FinancingBusiness Operations and Strategy
IBC Advanced Alloys Grants Incentive Stock Options
Positive
Jan 28, 2025
IBC Advanced Alloys Corp. announced the granting of incentive stock options to its directors, officers, employees, and consultants, allowing them to purchase up to 2,975,000 common shares at C$0.09 per share, with options expiring in January 2030 and vesting immediately. This move is likely to enhance employee motivation and align their interests with company performance, potentially strengthening IBC’s position in the advanced copper alloys market.
IBC Advanced Alloys Amends Credit Facilities with CEO
Jan 7, 2025
IBC Advanced Alloys Corp. has announced amendments to its existing credit facilities, extending the maturity dates of two loan agreements with Mark Smith, the company’s Chairman and CEO, until June 30, 2025. These amendments, which are pending approval from the TSX Venture Exchange, involve related party transactions and offer Mr. Smith additional rights, including participation in future financings. The amendments are on reasonable commercial terms and exempt from certain regulatory requirements, potentially impacting the company’s financial flexibility and stakeholder interests.
IBC Advanced Alloys Announces Leadership Changes
Dec 31, 2024
IBC Advanced Alloys has announced the appointment of Terena White as the new Chief Financial Officer, replacing Toni Wendel who is retiring. Additionally, Ben Rampulla is stepping down as President of the Engineered Materials division with its closure, but will continue consulting during the transition.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.